The Toro Company (NYSE:TTC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of The Toro Company (NYSE:TTC) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,774 shares of the company’s stock after selling 472 shares during the quarter. Private Advisor Group LLC’s holdings in Toro were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTC. UMB Bank n.a. boosted its holdings in Toro by 112.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the company’s stock valued at $55,000 after purchasing an additional 333 shares during the last quarter. Headlands Technologies LLC acquired a new position in Toro in the 1st quarter valued at about $66,000. Covestor Ltd boosted its holdings in Toro by 522.6% in the 1st quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after purchasing an additional 601 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Toro by 850.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after purchasing an additional 765 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Toro by 22.4% in the 2nd quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after acquiring an additional 166 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. DA Davidson decreased their price objective on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Northland Securities reissued a “market perform” rating and issued a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. Finally, Robert W. Baird dropped their price objective on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.33.

Toro Trading Up 3.2 %

NYSE TTC opened at $83.24 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The firm’s fifty day moving average price is $84.71 and its 200 day moving average price is $88.31. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 21.85 and a beta of 0.69. The Toro Company has a 12 month low of $77.15 and a 12 month high of $102.00.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. Toro’s dividend payout ratio (DPR) is 37.80%.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.